International dealings schedule (IDS)

See International dealings schedule instructions on the ATO website for further information, or e-mail the ATO at idsproject@ato.gov.

The international dealings schedule (IDS) applies only to those companies, trusts and partnerships having International related party dealings/transfer pricing where:

the aggregate amount of those transaction or dealing were more than $2 million
they had overseas branch operations or direct or indirect interest in a foreign trust, foreign company, controlled foreign entity or transferor trust
the thin capitalisation provisions affected them.

The IDS is made up of 7 sections.

ATO changes from 1 July 2018

Section A: International related party dealings

2a—Is the total of your international related dealings over $2 million?
2b—Are you a small business entity, not a significant global entity and your international related party dealings do not exceed 50% of your current aggregated turnover?
13f—Did you provide any of the following for no payment or a non-monetary payment, or receive any of the following for a non-monetary payment to/from an international related party?

Section B: Financial arrangements new questions

19a—Did you have a financial arrangement for the purposes of Division 230 that did not give rise to a debt interest for the purposes of Division 974?

Section C: Interests in foreign entities

21f—Did you exclude tainted interest income from the passive income of a CFC which was an AFI subsidiary?
22a—Specify the gross revenue included in the gross turnover of your CFCs that have satisfied the activity income test.
22b—Specify the gross revenue included in the gross turnover of your CFCs that have not satisfied the active income test.

Section E—Financial Services Entities - New Item

40d—Did you have amounts denied under section 160ZZZL of the ITAA 1936?

Section G—Hybrid Mismatches - NEW Section comprises:

Items 45 to 51